![[Corporate Action] Law Union & Rock Insurance Records 217% Rise In Profits In Q3’2015](https://nairametrics.com/wp-content/uploads/2015/11/Law-Union-Rock-Insurance-Plc.jpg)
Law Union & Rock Insurance released its Q3’2015 financial results.
The result showed that Gross Premium dropped by 9% from N3.5 billion in Q3’2014 to N3.2 billion in Q3’2015. Underwriting profits however rose by 59% from N686 million in Q3’2014 to N1 billion in Q3’2015.
See Summary of result below…
| EQUITY ASSURANCE Q3 2015 | N’m | N’m | |
| Sep-15 | Sep-14 | % Change | |
| Gross Premium | 3,252 | 3,588 | -9% |
| Underwriting Profits | 1,089 | 686 | 59% |
| Other Income & Investment Income | 303 | 247 | 23% |
| Operating Expenses | -799 | -759 | 5% |
| Pre-tax profits | 664 | 210 | 216% |
| Profit After Tax | 564 | 178 | 217% |
| Share Price(As at Press time) | N0.54 |
